Despite concerns over the euro-zone economy, demand in the region is helping to drive up the price of tin with both European and Japanese buyers dominating the market.
An increase in shipments of Indonesian refined tin exports reported in April was partially the result of a return to more favorable weather conditions from the first three months of this year.
As with other industrial metals, the spot price of tin is correlated with inventory levels on the supply side and the global economic recovery on the demand side. Over the last year the spot price of tin on the LME has moved from an average price last April of US $12165.8 per tonne to a current valuation of US $18695 per tonne, a gain of almost 54 percent.
Thursday, November 5, 2009
Cadbury has abandoned its tin cans for cardboard boxes, in an attempt to go green this Christmas. Could this prove to be the death knell for the tin industry?
Monday, October 26, 2009
Tin mining is to make a triumphant return to Cornwall as part of a landmark scheme which will create 1,000 new jobs and see vast swathes of land turned over to housing and employment. Western United Mines has sealed a deal that will bring mining operations back to life.
Gippsland Limited (ASX:GIP) reports an update on the drilling at the Heemskirk tin project located north of Zeehan on Tasmania’s west coast. Drilling at the near surface Queen Hill deposit has confirmed continuity of high grade tin mineralization over potentially mineable widths. For complete news release, click here. For Gippsland’s company profile & projects, click here.
Forexyard.com reported that Tin to fly higher on tight Indonesia supply:
Adex Mining Inc. (CVE:ADE) announced that it has signed a subscription agreement with Great Harvest Canadian Investment Company Limited to fund the development of Adex’s wholly-owned Mount Pleasant Mine Property, located in southwestern New Brunswick, Canada.
Mineral Mountain Resources Ltd. (TSX VENTURE:MMV) has expanded its Kootenay Arc property holdings to over 89,595 hectares (+220,000 acres) now covering a 70-kilometre-long by 15-kilometre-wide, arc-shaped belt of the Lardeau and Milford groups stratigraphy in the Kootenay terrane.
Csdtin.com.au reported on Global warming of commodity prices:
Consolidated Tin Mines (ASX:CSD) reports its activity update as well as its recent Scoping Study results. The scoping study for the Mt Garnet tin project demonstrates the economic potential of the project. For complete news, click here. For Consolidated Tin Mines website, click here.
Tin, this year’s best performer on the London Metal Exchange, is expected to rise as much as 21 percent to $21,708 a metric ton in the next few months, according to technical analysis by Sucden Financial Ltd.
Csdtin.com reported Tin Looking Bullish, Steel To Improve, Plus Production Report Surprises:
Adex Mining Inc. (TSX VENTURE:ADE)announced that Michael M. Boyd has been appointed a director of the Company, subject to regulatory approval.
Nortec Minerals Corp. (TSX VENTURE:NVT)(PINK SHEETS:NMNZF)(FRANKFURT:WMQ)announced that Mohan R. Vulimiri, Executive Chairman and CEO met with the Vice-minister for Non-renewable Natural Resources, the General Manager, and the technical, legal, and social executives of the newly formed National Mining Corporation (ENAMI) on June 8, 2010. Nortec submitted a formal business proposal to the General Manager of ENAMI, Mr. José Cisneros on June 11, 2010.

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Thursday, July 8, 2010